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Dec 15, 2012
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where you sit in the u.s. with a consumer that has got five-year high of consumer confidence, we have got housing inventories that at a four-year low, housing prices up 11 percent year over year, double digit growth in autos and auto loans so to me it looks like the consumer is poised, corporations are lean on the balance sheet side, it looks like if you trigger good secular things and trajectory on the fiscal things in the u.s. you could have a heck of a second six months in 2013 in the market. >> a lot of optimism and you are playing it at a movie theaters and begins with lions gate entertainment whomplts knew you were a teenage vampire fan with the twilight movie series, the stock has done nicely this year, how much more do you see the run? >> well, i think there is more in it. you know, they not only own the twilight saga and hunger games which are begging obviously for sequels but big tv production studio as well, have mad men, weed, anger management, a lot of food renewal seasons ahead for those and lots
where you sit in the u.s. with a consumer that has got five-year high of consumer confidence, we have got housing inventories that at a four-year low, housing prices up 11 percent year over year, double digit growth in autos and auto loans so to me it looks like the consumer is poised, corporations are lean on the balance sheet side, it looks like if you trigger good secular things and trajectory on the fiscal things in the u.s. you could have a heck of a second six months in 2013 in the...
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Dec 22, 2012
12/12
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it turns out it evaporated, as the u.s. economy started to show signs of weakness in the last few months. >> the trend of aggregate earnings has been flat or even a little bit down. so, if that doesn't improve then stocks can't really go anywhere. they can stay where they are, i don't see them going down a lot, but they're not going to be able to go up a lot. >> reporter: there will also be careful scrutiny of economy data, particularly the monthly jobs report. traders are wondering if recent strength in the labor market will carry into the new year. and, then there's europe. major headlines on the region's debt crisis have been noticeably few. and that has traders spooked. still, some market pros are upbeat about the outlook for stocks next year. >> our year-end target for 2013 is 1,525 to 1,575, that's our range for the s&p 500. if you look at it from current levels, you tack on a couple of percent for dividends, so it will be another good year. >> reporter: a good year for stocks next year perhaps. but, 2012 isn't over y
it turns out it evaporated, as the u.s. economy started to show signs of weakness in the last few months. >> the trend of aggregate earnings has been flat or even a little bit down. so, if that doesn't improve then stocks can't really go anywhere. they can stay where they are, i don't see them going down a lot, but they're not going to be able to go up a lot. >> reporter: there will also be careful scrutiny of economy data, particularly the monthly jobs report. traders are wondering...
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Dec 8, 2012
12/12
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unnamed u.s. officials say that syria has even gone so far as to load the precursor ingredients of sarin, a deadly nerve gas, into the aerial bombs. whether this activity is to protect the chemicals from advancing rebel forces, or for assad to actually use them against rebel forces, is not clear. as secretary of state hillary clinton points out. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syria automatically denies it intends to use chemical weapons against its its own peo whether rebel or nonrebel, quote. syria stresses again, for the 10th, the 100th time, that if we had such weapons, they would not be used against its people. we would people. whether suicide. we fear there is a conspiracy to provide a pretext for any subsequent interventions against syria by these countries that are increasing pressure on syria. unquote. so sasaid syria's deputy forei
unnamed u.s. officials say that syria has even gone so far as to load the precursor ingredients of sarin, a deadly nerve gas, into the aerial bombs. whether this activity is to protect the chemicals from advancing rebel forces, or for assad to actually use them against rebel forces, is not clear. as secretary of state hillary clinton points out. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many...
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Dec 27, 2012
12/12
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u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their
u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers....
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Dec 29, 2012
12/12
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shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude prices posted their largest weekly gain since august. an industry report showed that u.s. stockpiles fell last week. a barrel of oil now sells for just under $91. and finally, wrapping up the most actively traded e.t.f.s. the ipath s&p 500 v.i.x. saw a nice bounce of just over 5%. and that's tonight's "market focus." >> susie: our "market monitor" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereactioe worries of the fisca
shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude...
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Dec 20, 2012
12/12
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>> tom: unr the threat of ar white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today-- a tax hike for those making more than a million dollars. >> tomorrow the house will pass legislation to make permane tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> reporter: hours befe thee speaker issue
>> tom: unr the threat of ar white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter:...
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Dec 6, 2012
12/12
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but what the u.s. oil and natural gas assets bring to the table, in addition to commodities, is well outside freport's existing portfolio of business, is a reduced level of country risk, especially compared to what you undertake when you do business in indonesia or the d.r.c. >> tom: just a half minute left, and i want to ask you about the stock for freport mac moran, how should long-term investors take a look at this? >> well, long-term investors that had been sitting in freport original need to ask themselves are you really interested in this oil and gas story. because you need to remember investors to have undertaken this deal on their own. they didn't need freporto go out and lever up and pay a 39% premium for planes. >> tom: dan, do you own freport? >> i do not. >> tom: daniel rohr with us, he is with morningstar. >> reporter: i'm erika miller in new york. tomorrow, we'll talk to the c.e.o. of kitchen chain sur la table and hear his outlook for holiday spending. >> susie: finally, we want to remin
but what the u.s. oil and natural gas assets bring to the table, in addition to commodities, is well outside freport's existing portfolio of business, is a reduced level of country risk, especially compared to what you undertake when you do business in indonesia or the d.r.c. >> tom: just a half minute left, and i want to ask you about the stock for freport mac moran, how should long-term investors take a look at this? >> well, long-term investors that had been sitting in freport...
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Dec 7, 2012
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apple didn't say where in the u.s. the line of mac computers would be built or how many jobs might be included. now the return of apple to u.s. manufacturing comes as shareholders have experienced a very rocky ride in the past few months. the stock is down 22% from its all-time high in september. suzanne pratt reports. rtses. >> reporter: a peak inside this manhattan apple store and it looks like everything is a-okay. plenty of customer, plenty of purchases. so why has the shine come off apple's shares? with a-- in a word, actually two, profit-taking. >> i think the biggest reason for the selling going back to when it was priced $700 in september is pure profit-taking. if you look from the beginning year to september, the stock was up 74%. so i think you had some natural profit-taking. >> reporter: but this isn't ode year-end selling by institutions looking to record nice numbers. this supposedly is fiscal cliff related selling as shareholders worries that capital gains tax rates will be higher next year. >> still, fin
apple didn't say where in the u.s. the line of mac computers would be built or how many jobs might be included. now the return of apple to u.s. manufacturing comes as shareholders have experienced a very rocky ride in the past few months. the stock is down 22% from its all-time high in september. suzanne pratt reports. rtses. >> reporter: a peak inside this manhattan apple store and it looks like everything is a-okay. plenty of customer, plenty of purchases. so why has the shine come off...
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Dec 14, 2012
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and today, the u.s. immigration and customs enforcement agency has signed on to a pilot testing program for the device. maybe it's customers stocking up on their holiday ales. boston beer raised its profit look for the year late yesterday, leading to a rally today. boston beer's best known brew is sam adams. shares jumped 15.5%, shooting up to an all-time high. credit for the better forecast goes to the timing of certain expenses. all the five most actively traded exchange traded products were down. the nasdaq 100 tracking fund had the biggest drop, down eight tenths of a percent. and that's tonight's "market focus." >> susie: fiscal cliff negotiations going into the 11th hour, how will that affect the outlook for next year. we'll ask b.m.o asset management's sandy lincoln. he's this week's "market monitor" guest. and why a new program to help student loan borrowers could mean a big win for high earners with graduate degrees. >> its medical marijuana business is a $2 billion a year industry already. it's
and today, the u.s. immigration and customs enforcement agency has signed on to a pilot testing program for the device. maybe it's customers stocking up on their holiday ales. boston beer raised its profit look for the year late yesterday, leading to a rally today. boston beer's best known brew is sam adams. shares jumped 15.5%, shooting up to an all-time high. credit for the better forecast goes to the timing of certain expenses. all the five most actively traded exchange traded products were...
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Dec 12, 2012
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u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent itself. >> susie: that and more tonight on nbr! >> tom: an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some
u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent itself. >> susie: that and more tonight...
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Dec 8, 2012
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u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone hold-out was the nasdaq 100 tracking fund, which includes apple. the fund was down 0.06%. and that's tonight's "market focus." tall tom dow growth is one reason tonight's market monitor thinks the economy will pick up speed next year and so will stocks. mark luschini back with us at janney montgomery scott. the job market we saw today improving in the last month but still slow, do you think it's going to pick up the pace of that improvement next year and why. >> well we do, tom. the fact of the matter is we've been seeing steady spectacular job growth f
u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone...
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Dec 28, 2012
12/12
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the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal cliff. the precious metal settled $3 higher at $1,663 an ounce. gold prices are on pace for an annual rise of about 6%, the smallest annual gain since 2008. and, supply concerns pushed palladium prices to a nine-month high. investors are worried that tight supplies from the world's top two producers and steady demand from the auto sector could mean higher prices in 2013. it settled at $708 an ounce: over the past year the metal has rising about 7.5%. and finally, for the second day in row the ishares emerging market e.t.f. ended higher. and that's tonight's "market focus." >> susie
the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal...
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Dec 18, 2012
12/12
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the organization figures the u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're forecasting annual average real gdp growth at 2.1% but the good news is we expect it to accelerate during the course of the year, perhaps reach being 3% by the fourth quarter of 2014. >> tom: what is going to add to that growth considering, is it being held back in the first six months because of the uncertainty over the fiscal cliff? >> absolutely. in fact, if you take a look at the panelist forecast on a quarterly basis they suggest real gdp growth will be 1.8% in the first quarter of 2013 but will jump by the second quarter of 2013 to about 2.4%. i think some of that is definitely being held back by a lot of the concerns that resolution is important of the tax and the spendi
the organization figures the u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're forecasting annual average real gdp growth at 2.1% but the good news is we expect it to accelerate during the course of the year, perhaps reach...
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Dec 8, 2012
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a new study by the u.s. department of education paints a pretty bleak picture of california's high schools. only 76% of the state students actually graduate. that puts california at 32nd in the entire nation. pretty low. i recently met with an education pioneer who hopes to change how young people learn, a click at a time. 6 million students around the world and counting know his voice and drawing style. >> if you get two green marbles then you are going to win. >> reporter: but not everyone knows his face. sal khan is the founder of the khan academy and the man behind simple but effective video lessons about a wide range of topics, like the fiscal cliff. >> we're cutting on the order in $100 billion in government expenditures. >> reporter: khan started out teaching his cousin math over a we cam. when he posted his videos on youtube, they caught on like wildfire. khan quit his job at a hedge fund and began creating lessons in earnest from his closet. today, the khan academy boasts a full staff. universities
a new study by the u.s. department of education paints a pretty bleak picture of california's high schools. only 76% of the state students actually graduate. that puts california at 32nd in the entire nation. pretty low. i recently met with an education pioneer who hopes to change how young people learn, a click at a time. 6 million students around the world and counting know his voice and drawing style. >> if you get two green marbles then you are going to win. >> reporter: but not...
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Dec 11, 2012
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. >> reporter: the tree is up on wall and broad, and so is the u.s. stock market. the holiday season typically is a good time for stocks. in fact, since 1950, december has been the best month of the year for the s&p 500 with the index gaining an average of 1.7%. this december is off to a good start, even though the fiscal cliff looms large over trading floors. most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg isn't sure where all the optimism is coming from. >> it's a real dilemma here because a lot of folks that i talk to, and customers and professionals alike, are very, very nervous. and i think they are perplexed by the lack of weakness in the market, if you will. >> reporter: economists say no deal between lawmakers and the white house by new year's could push the u.s. into recession by early next year. that dire prediction should be bad news for stocks, but investors remain unfazed. experts say stocks are more likely to move in a tight trading range in the next few weeks. >> if it does get
. >> reporter: the tree is up on wall and broad, and so is the u.s. stock market. the holiday season typically is a good time for stocks. in fact, since 1950, december has been the best month of the year for the s&p 500 with the index gaining an average of 1.7%. this december is off to a good start, even though the fiscal cliff looms large over trading floors. most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg...
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Dec 25, 2012
12/12
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others fear the u.s. will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. discounters are expected to do better than luxury stores. but don't forget, it is the holidays, and christmas just wouldn't be the same without a few splurges. >> we kind of get in the spirit of shopping. we go, okay, okay one more, oh they'd really like that, he'd really like that-- and a little for myself, too. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the mot
others fear the u.s. will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is...
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Dec 4, 2012
12/12
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the u.s. voiced mounting concern about activity at syrian government sites storing chemical weapons. this afternoon, president obama warned syrian leader bashar al- assad not to cross that line. oday i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences. and you will be held accountable. >> sreenivasan: in response, syria's government released a statement saying it would never use chemical weapons on its own people. the regime has never confirmed it has such weapons. there were warnings about greater curbs on the internet, as the world's nations gathered today for a summit on telecommunications. the 11-day conference in dubai is the first such review since 1988, well before the web was fully formed. the u.s. has raised concerns that china, russia, and others will seek new limits on internet access. the
the u.s. voiced mounting concern about activity at syrian government sites storing chemical weapons. this afternoon, president obama warned syrian leader bashar al- assad not to cross that line. oday i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences. and you will be held accountable. >>...
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Dec 21, 2012
12/12
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former republican senator judd gregg joins us as the u.s. house prepares to vote on the republican plan "b" for avoiding the fiscal cliff. >> susie: and investors gobble up shares of blackberry maker research in motion as the smart phone maker posts better than expected quarterly results. >> tom: that and more tonight on nbr! >> susie: here at the new york stock exchange, the big trade of the day was the big board itself. the n.y.s.e.-euronext has agreed to sell itself to the intercontinental exchange, an acquisition that would reshape wall street. it's an $8.2 billion deal that values the n.y.s.e. at $33 a share, a 38% premium to wednesday's close. so what are the implications of an upstart exchange buying the venerable big board? erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independence and be bought by a little-known rival in atlanta. the intercontinental exchange, or "ice" for short, was started 12 years ago as an energy trading
former republican senator judd gregg joins us as the u.s. house prepares to vote on the republican plan "b" for avoiding the fiscal cliff. >> susie: and investors gobble up shares of blackberry maker research in motion as the smart phone maker posts better than expected quarterly results. >> tom: that and more tonight on nbr! >> susie: here at the new york stock exchange, the big trade of the day was the big board itself. the n.y.s.e.-euronext has agreed to sell...
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Dec 19, 2012
12/12
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the giant drug maker plans to cut about 20% of its u.s. sales force, or 600 jobs. according to a report from bloomberg, the cuts begin this month and are said to be part of c.e.o. ian read's strategy to reposition pfizer after losing patent protection on its top selling drug, lipitor. at its peak, that cholesterol drug generated revenues of nearly $10 billion a year for pfizer. while lipitor's loss was tough for pfizer, it was a boon for generic drug makers. but in the coming year, far fewer brand-name drugs will come off patent. and as ruben ramirez reports, generic drug makers have been preparing for the slowdown. >> reporter: 2012 has been a boon for generic drug makers as 40 brand name drugs lost their patent protection, opening the door to what amounted to around $35 billion in sales. 2013 will be a different story, with only about half as many drugs scheduled to lose their patent protections. lipitor, pfizer's blockbuster cholesterol drug, was the biggest seller to lose patent protection this year. >> there are still individual product opportunities in 2013,
the giant drug maker plans to cut about 20% of its u.s. sales force, or 600 jobs. according to a report from bloomberg, the cuts begin this month and are said to be part of c.e.o. ian read's strategy to reposition pfizer after losing patent protection on its top selling drug, lipitor. at its peak, that cholesterol drug generated revenues of nearly $10 billion a year for pfizer. while lipitor's loss was tough for pfizer, it was a boon for generic drug makers. but in the coming year, far fewer...
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Dec 1, 2012
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this is not the first time u.s. companies have been so generous. exactly two year ago, there was a significant pickup in the number of u.s. companies declaring special dividends. the threat of higher tax rates for dividends was behind that spike, too. ample cash on a firm's balance sheet is also a common catalyst for special dividends. >> basically, companies don't want to have too much cash. and, if you don't have places to invest, if you don't have good takeover opportunities then they want to shrink the cash. >> reporter: it turns out, companies with insiders who own big chunks of stock such as brown forman are also more inclined towards special dividends. don't forget, they get rewarded, just like regular shareholders. a recent study by markit research shows more than half of the companies declaring special dividends in late 2010 had executives who owned at least 25 percent of the shares. that might give investors the idea of chasing companies likely to declare special dividends. after all there is some evidence that firms get a small bump in t
this is not the first time u.s. companies have been so generous. exactly two year ago, there was a significant pickup in the number of u.s. companies declaring special dividends. the threat of higher tax rates for dividends was behind that spike, too. ample cash on a firm's balance sheet is also a common catalyst for special dividends. >> basically, companies don't want to have too much cash. and, if you don't have places to invest, if you don't have good takeover opportunities then they...
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Dec 14, 2012
12/12
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in u.s. economic news, the number of americans filing new claims for jobless benefits fell sharply last week to its second- lowest level this year. and retail sales rebounded in november, rising 0.3% but that seemingly good news did little to help stocks on wall street today. the dow jones industrial average lost almost 75 points to close at just under 13,171. the nasdaq fell more than 21 points to close at 2,992. the european union came a step closer to a full-fledged banking union today. after an all-night meeting in brussels, e.u. finance ministers agreed to give the european central bank oversight of eurozone banks, as well as banks in other e.u. countries that choose to opt-in. the european commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforc
in u.s. economic news, the number of americans filing new claims for jobless benefits fell sharply last week to its second- lowest level this year. and retail sales rebounded in november, rising 0.3% but that seemingly good news did little to help stocks on wall street today. the dow jones industrial average lost almost 75 points to close at just under 13,171. the nasdaq fell more than 21 points to close at 2,992. the european union came a step closer to a full-fledged banking union today....
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Dec 21, 2012
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u.s. diplomatic mission in libya. >> we have to do better. we owe it to our colleagues who lost their lives in benghazi. we owe it to the security professionals who acted with such extraordinary heroism that awful night to try to protect them, and we owe it to thousands of our colleagues serving america with a great dedication every day in diplomatic posts around the world. >> brown: spending versus saving: amid the last-minute holiday rush, paul solman weighs the economic benefits. >> holiday season grand central terminal and a key question: is consumerism kind of a bad thing that's overdone this time of year? or is it the key driving economic and moral force in our society? >> suarez: and we close with another in our series of interviews with newly elected congressional members. tonight, north dakota's senator- elect, democrat heidi heitkamp. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160
u.s. diplomatic mission in libya. >> we have to do better. we owe it to our colleagues who lost their lives in benghazi. we owe it to the security professionals who acted with such extraordinary heroism that awful night to try to protect them, and we owe it to thousands of our colleagues serving america with a great dedication every day in diplomatic posts around the world. >> brown: spending versus saving: amid the last-minute holiday rush, paul solman weighs the economic benefits....
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Dec 5, 2012
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amid u.s. warnings that syria could be preparing to use chemical weapons against the rebels. >> the syrian stock piles of chemical weapons are a matter of great concerns. we know that syria possesses... we know they have the chemical weapons. it is a matter of urgency to ensure effective defense and protection of our ally turkey. >> woodruff: nato chief also warned of even stronger action if the syrian government crosses the chemical line. echoing monday's statements by president obama. >> if anybody resorts to these terrible weapons, i would expect an immediate reaction from the international community. >> woodruff: syria has denied any intention of using chemical weapons. russia, a key syrian ally, dismissed the intelligence reports as rumors. yesterday in istanbul, russian president vladimir putin said he understands turkey's concerns about border security, but he warned that deploying patriot missiles could raise fears of a wider conflict. meanwhile, inside syria intense fighting flared aga
amid u.s. warnings that syria could be preparing to use chemical weapons against the rebels. >> the syrian stock piles of chemical weapons are a matter of great concerns. we know that syria possesses... we know they have the chemical weapons. it is a matter of urgency to ensure effective defense and protection of our ally turkey. >> woodruff: nato chief also warned of even stronger action if the syrian government crosses the chemical line. echoing monday's statements by president...
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Dec 12, 2012
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meanwhile, u.s. defense secretary leon panetta said chances of the syrian regime resorting to chemical weapons may be easing. he spoke during a flight to kuwait. we have seen not seen anything new indicating any aggressive steps to move forward in that way, but we continue to monitor it very closely. we continue to make clear to them that they should not under any means make use of these chemical weapons against their own population. >> sreenivasan: also today, the united nations reported the number of syrian refugees fleeing the fighting has grown to more than 500,000, all across the middle east. and inside syria, rebels captured a second major military base near the northern city of aleppo. new details have emerged from south africa on the health of former president nelson mandela. the government announced today that military doctors are treating him for a recurring lung infection. mandela is 94 years old. he's been hospitalized since saturday, but officials said he is responding to treatment. an i
meanwhile, u.s. defense secretary leon panetta said chances of the syrian regime resorting to chemical weapons may be easing. he spoke during a flight to kuwait. we have seen not seen anything new indicating any aggressive steps to move forward in that way, but we continue to monitor it very closely. we continue to make clear to them that they should not under any means make use of these chemical weapons against their own population. >> sreenivasan: also today, the united nations reported...
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Dec 13, 2012
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u.s. treasuries, if you're talking about the long maturities, 15, 20, 30 years, i would say be careful. in most scenarios, those come under pressure. if you're talking about the shorter maturities, we think there remains value. not as much as they used to be, but there is still some value. 10 years and in, it is safer. 10 years and beyond is dangerous. if you're going to other bonds, it depends on quality. investors need to focus on companies that are sovereign, with very strong balance sheets, explosive growths and positive cashflows, because you're going to need all three things to navigate this small, complex environment. >> susie: let me ask you real quickly before we leave here about the fiscal cliff because ben bernanke talked a lot about that today. we discussing that with darren about all of the risks. there is a lot of back and forthwith lawmakers in the white house. what is the best possible outcome you're expecting and hoping for? >> so it is different things. so what we hope fo
u.s. treasuries, if you're talking about the long maturities, 15, 20, 30 years, i would say be careful. in most scenarios, those come under pressure. if you're talking about the shorter maturities, we think there remains value. not as much as they used to be, but there is still some value. 10 years and in, it is safer. 10 years and beyond is dangerous. if you're going to other bonds, it depends on quality. investors need to focus on companies that are sovereign, with very strong balance sheets,...
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Dec 13, 2012
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the u.s. became one of 114 nations to endorse the syrian national council created just last month under international pressure. deputy secretary of state william burns: >> in a growing number of towns and villages, a new syria is being born, the regime of bashar al assad must and will go, the sooner he steps aside the better for all syrians. >> ifill: despite showing signs last week of a possible shift in russia's position, the decision did not go down well in moscow, which opposes outside action against the assad regime. foreign minister sergei lavrov: >> ( translated ): as the coalition has been recognized as the only legitimate representative, it seems that the united states decided to place all bets on the armed victory of this very national coalition. >> ifill: but no weapons have been promised, and a spokesman for the coalition said it needs real support. the u.s. has resisted sending arms, amid fears they might wind up in the hands of islamic extremist groups. just this week, washington
the u.s. became one of 114 nations to endorse the syrian national council created just last month under international pressure. deputy secretary of state william burns: >> in a growing number of towns and villages, a new syria is being born, the regime of bashar al assad must and will go, the sooner he steps aside the better for all syrians. >> ifill: despite showing signs last week of a possible shift in russia's position, the decision did not go down well in moscow, which opposes...
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Dec 8, 2012
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and the u.s. supreme court announced that for the first time in its history, it will take up the issue of same-sex marriage. online we say farewell to an intrepid, eight-legged space explorer. hari sreenivasan tells us more. >> sreenivasan: nefertiti the spider-naut traveled aboard a japanese space flight for three months as part of an experiment designed by an egyptian high school student. she returned safely and lived out the remainder of her days at the smithsonian, where she died this week. read the whole story at lunch in the lab. and on art beat, jeffrey brown talks to new yorker film critic david denby about big films this holiday season, plus the subject of his latest book, "do the movies have a future?" and on tonight's need to know, a fight over family planning in texas. check your local pbs listings. all that and more is on our web site newshour.pbs.org. judy? >> woodruff: and that's the "newshour" for tonight. on monday, paul solman looks at tax deductions at risk as the white house an
and the u.s. supreme court announced that for the first time in its history, it will take up the issue of same-sex marriage. online we say farewell to an intrepid, eight-legged space explorer. hari sreenivasan tells us more. >> sreenivasan: nefertiti the spider-naut traveled aboard a japanese space flight for three months as part of an experiment designed by an egyptian high school student. she returned safely and lived out the remainder of her days at the smithsonian, where she died this...
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Dec 20, 2012
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the u.s., britain and switzerland. the u.s. justice department formally announced the deal day. the charges stem from the bank's ttempt to manipulate a key tinterest rate known as libor. attorney general eric holderin said two former u.b.s. traders will face criminal charges. >> these alleged conspirators and others at u.b.s. manipulated the benchmark interest rate upon which many consumer financial products, including credit cards, student loans and mortgages, are frequently based. they defrauded the company's counterparties of millions of dollars. >> sreenivasan: the two traders ritain andtly in switzerland. justice department officials said they will seek extry ition for both. the u.s. army will pursue thei death penalty for a soldier accused of killing 16 afghanhe villagers last march. the announcement came today in the case of stf sergeant robert bales. he was in his fourth deployment to a war zone when he allegedly attacked a pair of afghan villages. bales' faces a court martial at joint
the u.s., britain and switzerland. the u.s. justice department formally announced the deal day. the charges stem from the bank's ttempt to manipulate a key tinterest rate known as libor. attorney general eric holderin said two former u.b.s. traders will face criminal charges. >> these alleged conspirators and others at u.b.s. manipulated the benchmark interest rate upon which many consumer financial products, including credit cards, student loans and mortgages, are frequently based. they...
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Dec 28, 2012
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he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the country rather than letting them go into the united states? >> well, part of the story is also the legislation that's just gone through the congress that the president signed last week and this is seen in many respects as a tit for tat, the u.s. always, in the russian view applies a double standard and is always taking punitive action and applying sanctions against rush so that so this does play well. however, i think as we saw from the clips at the begining there's been some soul searching on the part of many russians about the this particular bill b
he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the...
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Dec 7, 2012
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the u.s.? >> secretary of state clinton has said the right things about the need for dialogue and the need for a constitution that protects the rights of all egyptians and an inclusive process and so forth. now, morsi's advisors heard this but i think what's happening on the streets of cairo and the officials from members of the egyptian government probably speaks louder right now. >> warner: michele dunne, thanks so much. >> it was my pleasure, margaret. >> woodruff: now, to our continuing series of conversations about what's at stake in the battle over taxes, government spending and debt. last night, we heard from republican senator bob corker. tonight, we get a different perspective on the question of so-called entitlements. many lawmakers and economists have argued it's essential to make big changes to medicare and social security. among those ideas are raising the eligibility age; means- testing for wealthy recipients; cuts in spending and benefits and a bigger role for private competition
the u.s.? >> secretary of state clinton has said the right things about the need for dialogue and the need for a constitution that protects the rights of all egyptians and an inclusive process and so forth. now, morsi's advisors heard this but i think what's happening on the streets of cairo and the officials from members of the egyptian government probably speaks louder right now. >> warner: michele dunne, thanks so much. >> it was my pleasure, margaret. >> woodruff:...
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Dec 1, 2012
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the u.s. soldier accused of espionage in the wikileaks document dump has conceded he considered suicide after his arrest. private first class bradley manning was cross-examined today in a pre-trial hearing at fort meade, maryland. he admitted making a noose out of bed sheets before being sent to the u.s. marine corps brig at quantico, virginia. manning says his treatment there was so harsh, the charges should be dismissed. the military says manning was a suicide risk, so jailers kept him isolated and took away his clothes. the holders of half of that record powerball jackpot of $588 million came forward today in missouri. a 52-year-old mechanic, mark hill, and his wife cindy were introduced in dearborn, just north of kansas city. cindy hill said she couldn't believe at first that their ticket was a winner. >> i didn't have my glasses and i was thinking is that the right numbers, is that the right numbers. and i was shakingment and i called my husband. i said i think i'm having a heart attack.
the u.s. soldier accused of espionage in the wikileaks document dump has conceded he considered suicide after his arrest. private first class bradley manning was cross-examined today in a pre-trial hearing at fort meade, maryland. he admitted making a noose out of bed sheets before being sent to the u.s. marine corps brig at quantico, virginia. manning says his treatment there was so harsh, the charges should be dismissed. the military says manning was a suicide risk, so jailers kept him...
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Dec 19, 2012
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toyota will pay a record u.s. fine of $17.4 million for failing to report auto defects quickly and delaying a recall. it's the company's fourth safety-related fine in the past two years. this one involved floor mats that could hold down the gas pedal in some 2010 lexus models. toyota did not admit to any legal violations. those are some of the day's major stories. now, back to judy. >> woodruff: the community continues to mourn its losses in connecticut, resume some routine and consider its own role in a national conversation on what steps should now be taken. ray suarez begins our coverage with this report. >> suarez: a hearse arrived this morning at saint rose of lima catholic church in newtown carrying the body of six-year-old james mattioli, one of the slain first graders from sandy hook elementary school. hours later, a church bell tolled as mourners greeted another small white casket at the funeral for jessica rekos, also six. (bell tolling). meanwhile, students from other local schools returned to class. in
toyota will pay a record u.s. fine of $17.4 million for failing to report auto defects quickly and delaying a recall. it's the company's fourth safety-related fine in the past two years. this one involved floor mats that could hold down the gas pedal in some 2010 lexus models. toyota did not admit to any legal violations. those are some of the day's major stories. now, back to judy. >> woodruff: the community continues to mourn its losses in connecticut, resume some routine and consider...
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Dec 29, 2012
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. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra
. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing...
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Dec 26, 2012
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the six u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy winds and snow in recent weeks. the long-time actor charles durning died monday at his home in new york. he came to be known as the "king of the character actors" in a 50-year career that spanned 5 broadway, the movies and television. along the way, he earned two oscar nominations. one was for his role as the corrupt governor in "the best little whorehouse in texas" in 1982. i and in "tootsie," he played the9 unwitting suitor of dustin hoffman, who was posing as a female soap opera star. charles durning was 89 years old.
the six u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy winds and...
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Dec 27, 2012
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in economic news, a mastercard report said u.s. holiday sales so far have been the weakest since 2008. and wall street failed to get any momentum today. the dow jones industrial average lost 24 points to close at 13, 114. the nasdaq fell 22 points to close at 2,990. those are some of the day's major stories. now, back to margaret... >> warner: we turn to the difficulties of getting mental health care to those who need it. it's a subject getting more attention in the wake of the several recent shootings. it's not known if the gunman in newtown, connecticut suffered from mental illness. but the man who shot four firefighters in webster new york this week-- killing two of them who were remembered at a procession yesterday-- left a disturbing note in which he pledged to burn down the neighborhood and quote "do what i like doing best, killing people." politicians and commentators have used these and prior attacks to call for improved mental health screening and treatment. but one such program in california has proven hard to implement,
in economic news, a mastercard report said u.s. holiday sales so far have been the weakest since 2008. and wall street failed to get any momentum today. the dow jones industrial average lost 24 points to close at 13, 114. the nasdaq fell 22 points to close at 2,990. those are some of the day's major stories. now, back to margaret... >> warner: we turn to the difficulties of getting mental health care to those who need it. it's a subject getting more attention in the wake of the several...
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Dec 6, 2012
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standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. >> reporter: despite issuing a warning to congressional republicans, the president also expressed optimism that some gop lawmakers may be warming to the idea of allowing taxes on the wealthy to rise. but here at the capitol today, congressional republican leaders said the president should focus less on tax increases and more on spending cuts >> we put an offer on the table. now he has out of
standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican...
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Dec 25, 2012
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and u.s. troops in afghanistan marked another holiday on the front lines with early christmas dinners. >> my family, however, this job comes with a price, many of the soldiers realize that price. even though we like to be with our families we realize the importance of what we're doing here and we believe in it. there also was another fatal shooting of an american in afghanistan today. a policewoman in kabul killed a u.s. civilian trainer who'd been working with the nato command. there've been more than 60 such "insider" attacks this year. this was the first committed by a woman. in syria, the u.n. envoy to syria met with president bashar al-assad in damascus, but he gave no sign of progress toward halting the civil war. lakhdar brahimi spoke with assad as part of a two-day visit. brahimi was appointed envoy in september, but he's made little apparent headway. the latest visit came a day after opposition groups reported a government air strike on a bakery killed at least 60 people. authorities
and u.s. troops in afghanistan marked another holiday on the front lines with early christmas dinners. >> my family, however, this job comes with a price, many of the soldiers realize that price. even though we like to be with our families we realize the importance of what we're doing here and we believe in it. there also was another fatal shooting of an american in afghanistan today. a policewoman in kabul killed a u.s. civilian trainer who'd been working with the nato command. there've...
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Dec 11, 2012
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authorities in mexico and the u.s. confirmed today that singer jenni rivera was killed sunday in a plane crash. she and six others were on a private jet that went down south of monterrey in northern mexico. the cause of the crash is under investigation. rivera was one of the most popular female singers in the musical genre known as grupero. she sold more than 15 million albums and won a number of latin music awards. jenni rivera was 43 years old. those are some of the day's major stories. now, back to gwen. >> ifill: michigan, home to the united auto workers and one of the most heavily unionized states in the country, is suddenly ground zero in the national debate over workers' rights, as the republican lawmakers who control the state's legislature prepare to cast a vote tomorrow that could permanently alter the political landscape. >> ifill: hundreds of people descended on the state capitol building in lansing last week to protest a move to make michigan a right-to-work state. republicans running the state house and s
authorities in mexico and the u.s. confirmed today that singer jenni rivera was killed sunday in a plane crash. she and six others were on a private jet that went down south of monterrey in northern mexico. the cause of the crash is under investigation. rivera was one of the most popular female singers in the musical genre known as grupero. she sold more than 15 million albums and won a number of latin music awards. jenni rivera was 43 years old. those are some of the day's major stories. now,...
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Dec 18, 2012
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the firm builds facilities for the u.s. military. two afghan workers were killed, and more than a dozen others were wounded. the taliban claimed responsibility. and in the east, villagers held funerals for nine young girls who died in an explosion in nangarhar province. police said they may have triggered a land mine left over from the time of the soviet invasion. meanwhile, in northwest pakistan, a car bomb in a crowded market killed 17 people and wounded more than 40. the blast left a scene of scorched wreckage. in syria, the vice president now is warning that neither side will win the battle for control of the country. farouk al-sharaa is a longtime ally of president bashar al- assad's family. in an interview, he called for a national unity government with "broad powers." meanwhile, the violence raged on. rebel fighters claimed they captured an army infantry college near the northern city of aleppo. president obama and house speaker john boehner met today, amid signs of possible movement in the "fiscal cliff" negotiations. it was
the firm builds facilities for the u.s. military. two afghan workers were killed, and more than a dozen others were wounded. the taliban claimed responsibility. and in the east, villagers held funerals for nine young girls who died in an explosion in nangarhar province. police said they may have triggered a land mine left over from the time of the soviet invasion. meanwhile, in northwest pakistan, a car bomb in a crowded market killed 17 people and wounded more than 40. the blast left a scene...
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Dec 10, 2012
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. >> and the last time the fcc tried to do this, the u.s. court of appeals for the 3rd circuit ordered the commission to hold up, that it should first evaluate the impact of any rule changes on the ownership by females and minority. what impact do you think this new rule would have on minority and women in the media? >> well, the truth is that right now, in terms of minorities and women, there is relatively, an embarrassing little amount of ownership. no one doubts that if you move to a situation where corporate america, the big guys, own more and more of the media, it will mean that minorities and women and those folks who don't have big bucks are going to be squeezed even further to the periphery. so it will be bad for minorities. it will be bad for women. and most significantly, it will be bad for american democracy. >> some people argue that newspapers are failing anyway. that they're going under, losing advertising, cutting their staffs, losing their readership. and that it would be a good thing for these big, profitable corporations li
. >> and the last time the fcc tried to do this, the u.s. court of appeals for the 3rd circuit ordered the commission to hold up, that it should first evaluate the impact of any rule changes on the ownership by females and minority. what impact do you think this new rule would have on minority and women in the media? >> well, the truth is that right now, in terms of minorities and women, there is relatively, an embarrassing little amount of ownership. no one doubts that if you move...
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Dec 22, 2012
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. >> suarez: you can watch the nra's complete address online; and compare u.s. gun policy with that of other nations in a post from the council on foreign relations. >> woodruff: a cloud of uncertainty hung over official washington today after conservative house republicans last night spurned a fiscal cliff plan put forward by their leader, and as the president made a late-friday appeal to both sides to keep working toward an agreement. newshour congressional correspondent kwame holman has our report. >> holman: house speaker john boehner went before cameras this morning just hours after he abandoned a vote on his "plan b". >> it's not the outcome that i wanted, but that was the will of the house. >> holman: boehner's plan would have raised tax rates for households making more than $1 million, whereas president obama would raise rates on incomes above $400,000. but last night, as the vote neared, it became clear that at least two dozen rank-and-file republicans still opposed any increase. so party leaders abruptly ended the session. >> the house will stand in re
. >> suarez: you can watch the nra's complete address online; and compare u.s. gun policy with that of other nations in a post from the council on foreign relations. >> woodruff: a cloud of uncertainty hung over official washington today after conservative house republicans last night spurned a fiscal cliff plan put forward by their leader, and as the president made a late-friday appeal to both sides to keep working toward an agreement. newshour congressional correspondent kwame...
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u.s. interventions decades after the u.s. invaded the country and destroyed it and promised everyone on the ward and in iraq that it will build function and democracy what everyone will be happy living in peace and prosperity became one of the wards places to live. on earth the country is completely destroyed the society has been destroyed the infrastructure has been this destroyed five million people have been displaced and million people were killed and there is till this day in two thousand and twelve we still have very fragile political system that the iraqis view as. a very dysfunctional one so unfortunately it's another example of the failure of installing a governance system by u.s. or nato invasions. the world is still none the wiser as to whether america can wrestle a solution to its imminent fiscal cliff which could have far reaching ramifications president obama has charged democratic and republican senate leaders with finding a compromise to the budget impasse raft of tax hikes and social spending cuts come into f
u.s. interventions decades after the u.s. invaded the country and destroyed it and promised everyone on the ward and in iraq that it will build function and democracy what everyone will be happy living in peace and prosperity became one of the wards places to live. on earth the country is completely destroyed the society has been destroyed the infrastructure has been this destroyed five million people have been displaced and million people were killed and there is till this day in two thousand...
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u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you mongers debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard they would stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are fin
u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you mongers debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to...
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and they were sent to a u.s. gun tracing program from the u.s. . they. excuse me the gun tracing program from the us shows that seventy percent are from here in the u.s. could you elaborate a bit more on how these cartels are getting armed so as you mentioned a lot of them are coming from central america smuggled that way through the south but a significant amount are coming from inside of the border and while a lot of this is illegal smuggling we shouldn't forget that actually through operations like fast and furious that a lot of these guns were deliberately channeled to cartels and the a.t.f. has you know as years has shown screwed this up a little bit a lot of these guns have appeared in murders the point of it was to track weapons to high. type players in the cartels but it obviously hasn't been successful you just mentioned fast and furious and right now there is a big debate here it's been a long running debate over gun control especially after certain tragedies could this be an example of how lax gun laws lead to the cartels being able to easily
and they were sent to a u.s. gun tracing program from the u.s. . they. excuse me the gun tracing program from the us shows that seventy percent are from here in the u.s. could you elaborate a bit more on how these cartels are getting armed so as you mentioned a lot of them are coming from central america smuggled that way through the south but a significant amount are coming from inside of the border and while a lot of this is illegal smuggling we shouldn't forget that actually through...